Bangladesh Bank (BB) has relaxed rules for import of essential food commodities to ensure adequate supplies during the holy month of Ramadan.
Banks will open letters of credit (LCs) for import of items such as rice, wheat, onion, pulse, edible oil, sugar, egg, chickpea, spices and dates based on their relationship with clients, said a BB circular issued on Wednesday.
The central bank suggested banks keep minimum margins or advance on the import value from importers of Ramadan items.
The BB also directed banks to prioritise the settlement of LCs of food commodities.
BB relaxes LC rules for Ramadan commodities
more from Economy
LATEST News
- Tarique urges BNP to focus on public trust, avoid overconfidence
- Dry weather, light fog mark the onset of winter across the country: BMD
- Gas sector teeters on edge, experts warn of escalating crisis
- Bangladeshi-origin politicians secure wins in US state elections
- Protests erupt over BNP posters on DU campus gates
Top News
- 1Another Trump tenure: A trying trial for Bangladesh?
- 2Embrace reform, work for national interests: Mahfuj Alam to BNP
- 3Tarique urges BNP to focus on public trust, avoid overconfidence
- 4Trumping the odds: How Donald became Trump
- 5Dry weather, light fog mark the onset of winter across the country: BMD
- 6NBR withdraws duties on onion import
File Photo
Banks will open letters of credit (LCs) for import of items such as rice, wheat, onion, pulse, edible oil, sugar, egg, chickpea, spices and dates based on their relationship with clients, said a BB circular issued on Wednesday.
Desk Report
Publisted at 7:05 AM, Thu Nov 7th, 2024
